How PSD2 secure financial transactions while improving the consumer's experience

Open Banking and growing fintech solutions have made one thing clear - "Banks are not the place to store money anymore, banks are places to store data" (David Birch at the 2017 ISSE Conference in Brussels). COVID-19 accelerated digital transformation initiatives which have evolved the market space for advanced payment solutions. PSD2 aims to be the guiding principle for this change by- 1.Facilitating innovation, competition and efficiency by providing consumers with choices in the EU retail payment market 2.Ensuring consumer protection by mandating strong customer authentication Although, PSD2 has been there for some time, its implementation has been consistently delayed. The revised deadline for its enforcement across European financial institutions is 31st Dec,2020. Financial institutions are looking for guidance on not only different scenarios and available security solutions (PSD2 compliant), but they also need help to understand how PSD2 is going to impact their consumer transactions. This session, which is 2nd in our series of webinars for financial institutions, we aim to address - • PSD2 innovating the Payments market • Shifting nature of Fraud • User stories • Holistic Banking experience - Creating trusted digital identities | Securing financial transactions | Mobile as foundation To view the first webinar to this series, please visit: https://www.brighttalk.com/webcast/17380/418337